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Southwest Airlines
LUV

764 hedge funds and large institutions have $16.4B invested in Southwest Airlines in 2025 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 249 increasing their positions, 272 reducing their positions, and 98 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

10.07% more ownership

Funds ownership: 87.98% → 98.05% (+10%)

1% more capital invested

Capital invested by funds: $16.3B → $16.4B (+$162M)

8% less repeat investments, than reductions

Existing positions increased: 249 | Existing positions reduced: 272

4% less funds holding

Funds holding: 792 → 764 (-28)

16% less first-time investments, than exits

New positions opened: 82 | Existing positions closed: 98

28% less call options, than puts

Call options by funds: $457M | Put options by funds: $632M

Holders
764
Holders Change
-28
Holders Change %
-3.54%
% of All Funds
10.03%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.12%
New
82
Increased
249
Reduced
272
Closed
98
Calls
$457M
Puts
$632M
Net Calls
-$175M
Net Calls Change
-$144M

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$588M
2
Goldman Sachs
Goldman Sachs
New York
+$180M
3
IP
Interval Partners
New York
+$131M
4
Ameriprise
Ameriprise
Minnesota
+$123M
5
SSA
Schonfeld Strategic Advisors
New York
+$75.1M

Top Sellers

1
Capital World Investors
Capital World Investors
California
-$275M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$167M
3
EIM
Elliott Investment Management
Florida
-$93.2M
4
BlackRock
BlackRock
New York
-$86M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$78.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
National Bank of Canada
51
National Bank of Canada
Quebec, Canada
$32.7M +$8.81M +269,496 +36%
Legal & General Group
52
Legal & General Group
United Kingdom
$29.1M +$634K +19,375 +2%
OP
53
Oldfield Partners
United Kingdom
$27.5M -$4.83M -147,700 -15%
Russell Investments Group
54
Russell Investments Group
United Kingdom
$27.3M +$4.22M +128,920 +18%
KP
55
Kiltearn Partners
United Kingdom
$27.3M -$1.2M -36,700 -4%
California Public Employees Retirement System
56
California Public Employees Retirement System
California
$26M -$1.48M -45,352 -5%
AA
57
ALPS Advisors
Colorado
$24.7M +$1.13M +34,410 +5%
HSBC Holdings
58
HSBC Holdings
United Kingdom
$24.1M -$1.16M -35,343 -4%
Mackenzie Financial
59
Mackenzie Financial
Ontario, Canada
$23.5M +$64.8K +1,981 +0.3%
LPL Financial
60
LPL Financial
California
$23.4M -$310K -9,476 -1%
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$23.2M +$710K +21,718 +3%
GI
62
Gradient Investments
Minnesota
$18.4M +$970K +29,665 +5%
Principal Financial Group
63
Principal Financial Group
Iowa
$18M -$1.83M -55,991 -9%
Mitsubishi UFJ Asset Management
64
Mitsubishi UFJ Asset Management
Japan
$17.4M -$1.31M -40,157 -7%
KHCM
65
Kettle Hill Capital Management
New York
$17.4M +$8.02M +245,146 +82%
UBS AM
66
UBS AM
Illinois
$17.2M -$2.24M -68,454 -11%
AllianceBernstein
67
AllianceBernstein
Tennessee
$16.9M -$1.63M -49,858 -9%
Envestnet Asset Management
68
Envestnet Asset Management
Illinois
$16.7M +$2.38M +72,665 +16%
WP
69
Woodline Partners
California
$16.4M +$16.8M +513,223 New
WM
70
WS Management
Florida
$16M – – –
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$15.4M -$2.36M -72,141 -13%
Adage Capital Partners
72
Adage Capital Partners
Massachusetts
$15.3M -$1.44M -43,900 -8%
MGP
73
M&G plc
United Kingdom
$14.6M +$1.02M +31,167 +7%
SCM
74
Shelton Capital Management
Colorado
$14.3M +$2.06M +63,044 +16%
SEI Investments
75
SEI Investments
Pennsylvania
$14M +$2.09M +63,772 +17%
1 2
3
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LUV Hedge Fund Activity: Q3 2025 in Review

764 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Southwest Airlines (LUV) for Q3 2025, worth a combined $16.4B — up 1% from $16.3B a quarter earlier.

Sellers outnumbered buyers: 98 funds closed out of LUV and 82 opened new positions — a net loss of 16 holders — while 272 trimmed existing stakes and 249 added.

The largest buyer was UBS Group, adding an estimated $588M. The largest seller was Capital World Investors, exiting entirely with an estimated $275M sold.

  • 764 institutional investors held Southwest Airlines (LUV) as of Q3 2025, down from 792 in Q2 2025.
  • Funds reported $16.4B of Southwest Airlines stock for Q3 2025, up 1% quarter-over-quarter.
  • 82 funds opened new Southwest Airlines positions in Q3 2025 and 98 closed out, a net change of -16 holders.
  • The largest Southwest Airlines buyer in Q3 2025 was UBS Group, an estimated $588M added.
  • The largest Southwest Airlines seller in Q3 2025 was Capital World Investors, an estimated $275M sold.

Based on aggregated 13F filings for Q3 2025.